All posts tagged: imf

National Security Council under the King for the King’s Security Thinking it will Protect him from Elected Governments in the Future

The Government has recently passed to Parliament a proposal to establish a National Security Council in the Kingdom aimed at facilitating cooperation and coordination between military and civil institutions. The government has added the proposal to the package of constitutional amendments based on the recommendations of the Royal Committee to Modernize the Political System. (Al-ra’i, […]

Afghanistan’s Children Starve to Death, While the International Community Plays Politics at the Expense of their Lives

According to the United Nations, Afghanistan is on the brink of becoming the world’s worst humanitarian crisis, with half of the population facing unprecedented levels of acute hunger due to a combination of severe drought, the aftermath of two decades of Western occupation, the withdrawal of humanitarian aid by the international community and the freezing […]

Capitalism’s Fiat Currency Causes Relentless, Generalized Inflation

Inflation measured through the Sensitive Price Index (SPI) posted an increase of 1.07 per cent for the week ended on November 18, driven by a sharp rise in the prices of essential food items, data released by the Pakistan Bureau of Statistics (PBS) confirmed. The PBS data showed that this is the sixth consecutive week […]

The Khilafah’s Gold and Silver Currency Will End the Inflation, Caused by Printing Money to Cover Government Expenditure

In Pakistan, from July 2018 to June 2021, the capital in circulation ballooned by 2,300 billion, whilst bank deposits soared by 6,000 billion. 8,300 billion rupees flooded into the system in just three years, whilst the country’s gross domestic product did not rise to match that surge, largely remaining stagnant. The inevitable result was a […]

The Khilafah Alone Will End Our Misery and Humiliation at the Hands of the American Economic Order

We are suffering immensely, as the economy obviously collapses, despite the reassurances of Pakistan’s rulers. The rupee is collapsing in value, whilst inflation is spiralling out of control. Fuel, electricity and gas prices are all increasing, as are taxation and unemployment. As if our economic misery were not enough, the rulers use the weak economy […]

Under Islam, Pakistan will Escape the Debt Trap!

Pakistan spends more than half of collected taxes on interest payments. In 2011, Pakistan’s debt was 10 trillion rupees. In 2021, Pakistan’s debt is around 40 trillion rupees In Islam, interest (Riba) is strictly forbidden. Allah (swt) said, [يَا أَيُّهَا الَّذِينَ آمَنُوا اتَّقُوا اللَّهَ وَذَرُوا مَا بَقِيَ مِنَ الرِّبَا] “O you who believe! Fear Allah […]

The Khilafah Will Eradicate Rampant Inflation, By Abolishing Paper Fiat Money and Issuing Currency Based on Gold and Silver

By November 2021, the Rupee fell to 175 Rupees to a dollar, unleashing crushing inflation upon the citizens of Pakistan. Inflation is a permanent feature of the capitalist economy, irrespective of the re-opening of the economy after lockdown. Unlike Islamic gold and silver currency, fiat paper money loses its purchasing power, as governments print more […]

Without Islam to Rule Over Us, the Current Rulers Create a Storm of Inflation by Submitting to the American Economic Order

The 3 November 2021 address of Pakistan’s Prime Minister, Imran Khan, regarding inflation was to prepare opinion for another batch of catastrophic IMF economic policies. The so-called 120 billion Rupees “relief” package announced for 20 million people, amounts to only Rs. 1,000 per person per month, for six months. This is whilst the middle classes […]

The Answers regarding the Environment Crisis Lie within the Qur’an and Sunnah

The Capitalist system which is dominant the world over today although paying lip service to caring about the environment in reality focuses on maximizing production and enriching the elite at any cost. This is because the innate characteristic of Capitalism is defined by the notion that human beings have “unlimited wants in a world with […]

Neither Military nor Civil, but an Islamic Khilafah (Caliphate) would Uproot the Roots of Colonialism, Establish Ruling on the Basis of the Islamic Ideology and Establish a Correct Revival

On Saturday, October 16, 2021, the Sudanese capital witnessed demonstrations calling for the dissolution of the transitional government, called for by the Forces of Freedom and Change – the National Charter Group, in harmony with the military, the demonstrators were able to reach the Republican Palace and set up a platform for the sit-in. In […]

Living under This System is Like being Slowly Poisoned, the Longer the Time, the Worse the Effects

Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin held a series of meetings with senior officials of the International Monetary Fund (IMF) in Washington on Wednesday for finalising the release of the next tranche of a $6 billion loan facility. When asked if the IMF was asking Pakistan to do more to […]

The People of Power Must Rid Us of Rulers who Open our Airspace for the Defeated United States, to Spy on Us and Attack Afghanistan

According to the American CNN, the Biden administration told Congress that there is going to be a formal agreement with Pakistan, under which the United States would use Pakistan’s airspace for intelligence and military operations in Afghanistan. The Foreign Office’s “denial” of this report is tantamount to confirming the report. The United States recently carried […]

Financial Tools of the Capitalist Major Powers

The IMF and the World Bank are considered amongst the important financial tools, used by major capitalist powers to dominate the world economy. This is being done by plunging other countries into continuous debts, whilst imposing economic dependency. Thus the loans offered by these financial institutions are the means of extending influence. They are political […]

The Khilafah Will Eradicate the Hegemony of the Colonialist Major Powers Over Oil Price

A sudden surge in the prices of petroleum products by more than Rs. 10, in compliance with IMF dictation, has dropped a new petrol bomb on the people, who are already crushed by inflation. The people are skinned alive to achieve the target of Rs. 610 billion of petroleum development levy set by the IMF.

Views on the News 22/10/2021

Headlines: US Support for Sudan in question if Transition Blocked, Special Envoy warns Tarin Leaves US without Concluding IMF Negotiations Biden says US will Defend Taiwan if China Attacks US Support for Sudan in question if Transition Blocked, Special Envoy warns US support to Sudan could be at risk if the country’s fragile transition to […]

The Rulers of Pakistan do Not Implement Islam Comprehensively Whilst Paying Lip Service to the Beloved Messenger of Allah (saw)

On 10 October 2021, Prime Minister Imran Khan announced the establishment of a Rehmatul-lil-Alameen (Mercy to Mankind) Authority in the country to ensure the implementation of the teachings of the Holy Prophet (saw) in society. “It is my belief that the country cannot progress without following the true teachings of Islam because certain things have […]

Nothing Less than the Re-Establishment of the Khilafah will End Our Perpetual Economic Agony!

Even Imran Khan knows that the inevitable consequence of the IMF programmes is worsening poverty. Before coming to power, in an interview published in the British newspaper, “The Guardian,” on 18 September 2011, Imran Khan emphatically warned, “Every country I know that has had IMF or World Bank programmes has only impoverished the poor and […]

Acquiring Nuclear Weaponry Confirms the Ability of the Islamic Ummah to Ensure a Self-Sufficient, Independent and Strong Khilafah

With a spontaneous outpouring of heartfelt condolences, Muslims around the world are grieving since Dr. Abdul Qadeer Khan, the founder of Pakistan’s military nuclear program, passed on to the Mercy of His Lord (swt) on 10 October 2021. Allah (swt) said, إِنَّا لِلَّهِ وَإِنَّا إِلَيْهِ رَاجِعُونَ “Indeed we belong to Allah, and indeed to Him […]

The International Economic Order Prevents the Rise of the Islamic Ummah as an Economic Power!

Pakistan’s rulers use the US dollar for international trade, in obedience to the colonialist IMF. Amidst a shortage of dollars, the rulers also take interest-based loans in dollars to finance our economy. The Rupee weakens against the dollar, unleashing back-breaking inflation, whilst Pakistan is plunged into an ever growing, interest-based debt. In the Khilafah, the […]

O People of Power! Establish the Khilafah to Rid Yourselves of the Evil Alliance with the Enemy of Islam and Muslims, the United States

A bill to shift blame for the US defeat in Afghanistan onto Pakistan, moved by 22 US senators on 27 September, has raised both alarm and panic amongst Pakistan’s policy makers. The Afghanistan Counterterrorism, Oversight and Accountability Act is ostensibly to determine the causes behind US defeat, however, in reality, it is to place and […]

The Western Economic Order Ensures Dollar Hegemony

Nothing Less than the Sound Economic Policies of the Khilafah Will End Inflation The Muslims of Pakistan are crushed by waves of back-breaking inflation as the Rupee crumbles before the dollar. Household budgets for many are stretched to provide just two meals a day. Despite the hue and cry against inflation by the opposition, it […]

Pakistan’s Rulers are Ensnaring the Afghan Taliban in the Trap of International Legitimacy, Even Though It Has Harmed Pakistan Both Politically and Economically

On 23 August 2021, Pakistan’s External Publicity Wing tweeted a statement from Pakistan’s National Security Adviser, Moeed Yusuf, stating, “We have made it absolutely clear that we are with the international community on where this goes.”